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BIO GREEN MED SOLUTION REPORTS THIRD QUARTER FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATE

BGMSBGMSP
  • Bio Green Med Solution, Inc. announced third-quarter 2026 financial results & provided a business update.
  • The Form S-4 detailing the proposed business combination with Future NRG Sdn. Bhd. was declared effective in October 2026.
  • The Company plans to hold a Special Meeting in November 2026 to seek shareholder approval for the proposed business combination.
  • The Board declared a $0.15 per share quarterly cash dividend on the 6% Convertible Exchangeable Preferred Stock, paid on November 1, 2026.
  • Fire safety product revenue reached $454,000 for the quarter ended September 30, 2026, compared to $81,000 in the prior-year period.
  • The Company reported a gross margin of approximately 25% for the quarter, up from 21% in the prior year.
  • Net loss narrowed to $0.4 million from $1.0 million in the prior-year period.
  • General and administrative expenses decreased by 37% year-over-year, dropping from $1.0 million to $0.6 million.
  • Cash & cash equivalents totaled $3.5 million as of September 30, 2026, matching the balance from December 31, 2025.
  • Net cash used in operating activities was $0.9 million for the nine months ended September 30, 2026.
  • The Company estimates current cash resources will fund planned expenditures into the second quarter of 2027.
  • Total other income, net, increased to $74,000 from $4,000 in the prior-year period, driven largely by interest income.
  • An income tax provision of $3,000 was recorded for the quarter, related to the acquired fire safety business.
  • No activity was reported from discontinued operations in the current period, compared to a $5,000 net loss from discontinued operations in 2025.
  • The Company shifted operations to focus on fire safety protection & distribution activities following the acquisition of Fitters Sdn. Bhd. in September 2025.
Company
Bio Green Med Solution, Inc.
Keywords
Nasdaq:BGMS, Bio Green Med Solution, Inc., Bio Green Med Solution, Inc, NASDAQ: BGMS, PROVIDES BUSINESS UPDATE, THIRD QUARTER FINANCIAL RESULT, diversified company